What is Off-Contract Spend in SAP MM-FIO-PUR - Fiori UI for Purchasing?

SAP Term: Off-Contract Spend

• Component: MM-FIO-PUR

• Component Name: Fiori UI for Purchasing

• Description: A KPI that identifies the total spend amount in relation to purchase orders that do not have a contract reference. This KPI is used to determine the percentage of purchases made without any contract being in place.

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• Key Concepts: 
  Off-Contract Spend is a term used to describe the amount of money spent on goods and services that are not covered by a contract. This type of spending is often done when a company needs to purchase something quickly or when the item is not available through a contract. 
  
  How to use it: 
  The MM-FIO-PUR Fiori UI for Purchasing allows users to easily manage off-contract spend. This UI provides an overview of all off-contract spend, allowing users to quickly identify and address any issues. It also allows users to create and manage contracts, as well as track and monitor spending. 
  
  Tips & Tricks: 
  When managing off-contract spend, it is important to ensure that all purchases are necessary and cost-effective. It is also important to ensure that all purchases are properly documented and tracked. 
  
  Related Information: 
  For more information on managing off-contract spend, please refer to SAP’s official documentation on the topic. Additionally, there are many third-party resources available that provide helpful tips and advice on managing off-contract spend.